LDC Commits £100M to Invest in UK SMEs

LDC, the private equity arm of Lloyds Banking Group, has committed £100m over the next three years to back UK-based businesses requiring £10m of equity funding or less.
The commitment, which is part of a wider UK strategy to further improve small and medium sized companies’ access to growth capital, is aimed to invest in businesses located in the South West and South Wales, the Thames Valley and the Home Counties.
LDC, which is a provider of private equity funding to the ‘mid-market’, where the enterprise value of a business is typically between £5m and £250m, in 2009, invested almost £200m in 14 companies. Six of the 14 transactions required £10m or less of equity funding.
FinSMEs
10/05/2010

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